Demand and Cost Data for Will's Beach Ball Company

Price Demand Data Quantity Cost Data Output Total Cost

$11 6 6 $48

$10 7 7 $52

$9 8 8 $57

$8 9 9 $63

$7 10 10 $70

Table $26.1$ A Monopolistically Competitive Firm Refer to Table 26.2.At the profit-maximizing output and price, Sylvie's Shampoo Company.will earn a profit equal to A) $36. B) $30. C) $140. D) $144.

Question

Demand and Cost Data for Will's Beach Ball Company

Price	Demand Data Quantity	Cost Data Output	Total Cost
$11	6	6	$48
$10	7	7	$52
$9	8	8	$57
$8	9	9	$63
$7	10	10	$70

Table $26.1$ A Monopolistically Competitive Firm Refer to Table 26.2.At the profit-maximizing output and price, Sylvie's Shampoo Company.will earn a profit equal to A) $36. B) $30. C) $140. D) $144.

Quizplus · Accepted Answer

At the profit-maximizing output of 9 units and price of $9, Sylvie's Shampoo Company's total revenue is $81 (9 x $9) and its total cost is $57. Therefore, its profit is $24 ($81 - $57).